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Communications firm Motorola Solutions ( MSI) is another name that hiked its dividend this week. On Wednesday, management upped MSI's quarterly payout to 26 cents per share, a 2.19% yield at current levels. Motorola Solutions is the result of the split between Motorola's mobile phone business (now a Google ( GOOG) unit) and its communications infrastructure business.

While communications equipment -- such as radios, software, and integration services -- may not be as exciting as the fast-paced handset market, it does actually make money. That's more than most phone makers can say right now. With substantial contract revenues and a new skew towards attracting IT spending, this firm should continue to throw off more cash.